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  • Minutes of the Federal Open Market Committee

    From federalreserve.gov

    By unanimous vote, the Federal Reserve Bank of New York was selected to execute transactions for the System Open Market Account. By unanimous vote, the Authorization for Domestic Open Market Operations was approved with an amendment that makes the structure of paragraphs 1.A and 1.B more similar. The Guidelines for the Conduct of System Open Market Operations in Federal-Agency Issues remained suspended. AUTHORIZATION FOR DOMESTIC OPEN MARKET OPERATIONS (As amended effective January 28, 2014) 1. The Federal Open Market Committee authorizes and directs the Federal Reserve Bank of New York, to the extent necessary to ... (full story)

come on!
what is news , will go up or down ..
up..!lol
eur/usd 3680 here we come
No idea what this says, but right now dollar is gaining strength.
positive for usd Dollar Streanth
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Dollar UP. Great ...!
Short G/U E/U Dollar will go up
dollar couldn't break resistance level of 0.88875 today. Lets see it breaks now or in next hour or comes head down
Ok so it takes about 4 min. for us to get the real thing.
Make your losses in demo. Earn your profits live.
10 billion cut back from easing
The Aussie maybe the most counterpart that will get affected by this news due to its weak overall economy outlook, as well, it is waiting the Chinese HSBC Flash Manufacturing PMI that often will disappoint the Aussie and get it down much more.

Who agree with me guys?
I've never seen such much volatility.

BULLSHIT
if at all usd will go up against eur, the ride up will not be more than 60pips after which the trend will continue its earlier move
Don't hurry with dollar strength ... Just wait at least until Friday.
  •  Guest
  • | IP XX.XXX.219.177
Same old drivel, buy Gold sell Euro or vise versa. If you wait for the dis and buy or sell into the retacement
dollar down
Quoting mvp77
I've never seen such much volatility.

BULLSHIT
10 pips on EU


LOL
  •  Guest
  • | IP XXX.XXX.16.52
any news about movement?
the market still calm,,,
Today we are wasting time, it is sideway.
  •  Guest
  • | IP X.XX.235.16
Does anyone understand what is written in the meeting minutes?
Quoting Mr.4x
The Aussie maybe the most counterpart that will get affected by this news due to its weak overall economy outlook, as well, it is waiting the Chinese HSBC Flash Manufacturing PMI that often will disappoint the Aussie and get it down much more.

Who agree with me guys?
i'm waiting to short au... but only after cny & us cpi.
they are talking about Rise Intrest rate soon so Go with USD

and Still tapering
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dollar is gaining strength as it broke today's resistance level against swiss frank, euro and above all gbp
Quoting usman ashraf
dollar couldn't break resistance level of 0.88875 today. Lets see it breaks now or in next hour or comes head down
market breaks your Resistance see charts :-)
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EU should go down a bit more given that the USD up was not priced in much before.

I would give the support at 1.3708 - 1.3710 for EU.
Make your losses in demo. Earn your profits live.
it says there are so many swaps agreement with all major central banks that is more likely you will always get it wrong. Now only FED can move markets, let's wait and see how they reset themselves. Most importantly tapering will go on. I am sure one day the unstoppable tapering will backfire over weak data.
buy usd/chf , sell eur/usd , sell gbp/usd heavily .
????
Eh? Which of the pivot levels settings are you using? Tia


Quoting usman ashraf
dollar is gaining strength as it broke today's resistance level against swiss frank, euro and above all gbp
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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  • | IP XX.XX.19.50
Look at US/jpy UP, aud/usd Down, nzd/usd down, In all three in right direction! My CPU max. out @ 100%. My broker server maxed out and has not traded for over 5 min.
Quoting wael shami
buy usd/chf , sell eur/usd , sell gbp/usd heavily .
dont loose your shirt follow MM
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will dlr cross89000 mark
  •  Guest
  • | IP XXX.XXX.166.16
The news is that several Fed members are now talking about raising interests rates by mid-2014.
Institutions are sleeping..... No push up.
buy eurusd, only buy..........................
In their discussion of the path for monetary policy, most participants judged that the incoming information about the economy was broadly in line with their expectations and that a further modest step down in the pace of purchases was appropriate. A couple of participants observed that continued low readings on inflation and considerable slack in the labor market raised questions about the desirability of reducing the pace of purchases; these participants judged, however, that a pause in the reduction of purchases was not justified at this stage, especially in light of the strength of the economy in the second half of 2013. Several participants argued that, in the absence of an appreciable change in the economic outlook, there should be a clear presumption in favor of continuing to reduce the pace of purchases by a total of $10 billion at each FOMC meeting. That said, a number of participants noted that if the economy deviated substantially from its expected path, the Committee should be prepared to respond with an appropriate adjustment to the trajectory of its purchases.

Participants agreed that, with the unemployment rate approaching 6-1/2 percent, it would soon be appropriate for the Committee to change its forward guidance in order to provide information about its decisions regarding the federal funds rate after that threshold was crossed. A range of views was expressed about the form that such forward guidance might take. Some participants favored quantitative guidance along the lines of the existing thresholds, while others preferred a qualitative approach that would provide additional information regarding the factors that would guide the Committee's policy decisions. Several participants suggested that risks to financial stability should appear more explicitly in the list of factors that would guide decisions about the federal funds rate once the unemployment rate threshold is crossed, and several participants argued that the forward guidance should give greater emphasis to the Committee's willingness to keep rates low if inflation were to remain persistently below the Committee's 2 percent longer-run objective.

^ to me the most important bit.
Ok 1.3726 support for EU taken out. 1.3708 here we go, after this short rebound break!!
Make your losses in demo. Earn your profits live.
What?


Quoting Forexia
Ok 1.3726 support for EU taken out. 1.3708 here we go, after this short rebound break!!
I can see that happening...


Quoting Guest
The news is that several Fed members are now talking about raising interests rates by mid-2014.
The only thing I can think of today FOMC, price manipulation is it true. SORRY ---FOMC and 10 pips Vola --- LOL
So we must focus on Unemployment rate, NFP and Claims.

they didn't emphasize on inflation that much, so ignore inflation unless it is too negative or too positive.

OK so Unemployment will decide everything. Yellen herself always put unemployment on first place in her statements.

Any comments?
kiss the trend
Oh not even a rebound already travelling towards the 1.3708 support I see?
Make your losses in demo. Earn your profits live.
If market movers have common sense they should short EURUSD

cause EU is considering even further rate cuts and US has already given a signal of increase. IN my opinion EURUSD should slump but where are shorts?
kiss the trend
They should finish their meeting as soon as possible and give us solid results. We are awaking at late night. Feeling sleepy by watching that sideway market.
If traders had any common sense they've have hovered up pips on the loonie today and be doing something more interesting than sitting here in the cold waiting to see Arsenal get battered by Bayern Munich. Over and er out...


Quoting fx-trader777
If market movers have common sense they should short EURUSD

cause EU is considering even further rate cuts and US has already given a signal of increase. IN my opinion EURUSD should slump but where are shorts?
let's wait for Asians, they like to follow logic

and if you guys notice the currency goes down mostly during the currency emission country trading session. For example Americans always say oh, our economy goes to hell, our government is screwing us up, bernanke is manipulating, so if they have positive info they are still negative, while Asians and foreigners think oh look US is recovering let's buy dollar, same with EU, germans say, oh how long we should pay Greek debts, EU is going to dismantle, oh EU doesn't have future, so they are negative, while Americans say, oh look at EU, they are going to boost, look at Dhagi he looks more handsome than Bernanke may be we should buy Euros. So yeah, that's always like that, positive information is not likely perceived by currency home country traders.
kiss the trend
Am I the only one to notice here the low volatility???

Or are you all blind?

Sorry!

FOMC and 10 pips vola is a JOKE!

A BAD JOKE!
Most boring FOMC market reaction i have ever seen.May be tomorrow's London/Asian session will decide the real direction.
The Canadian medium impact data shows much more impact than this boring FOMC.
Quoting fx-trader777
So we must focus on Unemployment rate, NFP and Claims.

they didn't emphasize on inflation that much, so ignore inflation unless it is too negative or too positive.

OK so Unemployment will decide everything. Yellen herself always put unemployment on first place in her statements.

Any comments?
Yeah looks like they are putting more emphasis on the labour market, specifically the unemployment rate AND the "economic activities" which to me is probably the ivey PMI for non-manufacturing and manufacturing, the retails sales and the home sales numbers. The inflation, they were a bit ambivalent. It's currently lower than their long-term objectives which makes sense given that the economic is only expanding at a "moderate pace" as they put it atm and you usually don't see inflation coming in until the economy is running at over it's full potential but nevertheless they believe the inflation will return to its long-run objective which they will monitor closely.

In my opinion, I really don't feel they need to be so concerned about inflation at this point of the game as like I said, inflation won't come in until when the economy is overheated. There is deflation right now because nobody's got the money to spend when the unemployment rate is still high and provided there is not too much money-printing.

That's my 2 cents.
Make your losses in demo. Earn your profits live.
Quoting Jj1459
Most boring FOMC market reaction i have ever seen.May be tomorrow's London/Asian session will decide the real direction.
Aaaaa, London sleeps during the FOMC. LOL

Wake up.
Quoting fx-trader777
let's wait for Asians, they like to follow logic

and if you guys notice the currency goes down mostly during the currency emission country trading session. For example Americans always say oh, our economy goes to hell, our government is screwing us up, bernanke is manipulating, so if they have positive info they are still negative, while Asians and foreigners think oh look US is recovering let's buy dollar, same with EU, germans say, oh how long we should pay Greek debts, EU is going to dismantle, oh EU doesn't have future, so they are negative,...

Was going to say that. It aint over until Tokyo sings! Japan can't wait to drive up the USD.
Make your losses in demo. Earn your profits live.
With look "tickflow" I have almost falling asleep.
Quoting mvp77
With look "tickflow" I have almost falling asleep.
Have a good nap! Set your alarm to wake up at Tokyo session though.
Make your losses in demo. Earn your profits live.
Quoting Forexia
Was going to say that. It aint over until Tokyo sings! Japan can't wait to drive up the USD.
Quoting Forexia
Was going to say that. It aint over until Tokyo sings! Japan can't wait to drive up the USD.
shhhhhh, not only USDJPY
kiss the trend
Not all currencies to be traded guys ...! Try to collect the missing parts of the puzzle to shape the whole picture right well.

And remember ...!

The most important value of studying and understanding Economics is to protect and save yourself from being tempted by economists. Who will understand that and put it in his or her consideration will remember my words later, and more importantly will save much more time and money.
interest rate hikes talks? prepare to the massive gu, eu drop
Quoting Greener
interest rate hikes talks? prepare to the massive gu, eu drop
Don't think they are going to hike up the interest rate yet since they are still facing a deflation atm. I think they should leave the interest rate alone until they REALLY see an inflation and that still wouldn't be too late to hike up the interest rate then.
Make your losses in demo. Earn your profits live.
The timing of those talks will be critical, particularly in relation to QE3 continuing.


Quoting Greener
interest rate hikes talks? prepare to the massive gu, eu drop
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  •  Guest
  • | IP XX.XXX.4.7
Quoting Spreadbetter
The timing of those talks will be critical, particularly in relation to QE3 continuing.
How daft -------------------> the market is selling the $ and risk is up and will remain so for time to come. How many times to I have to tell you to read the curves not the prose? How many times?
Quoting Guest
How daft -------------------> the market is selling the $ and risk is up and will remain so for time to come. How many times to I have to tell you to read the curves not the prose? How many times?

As far as I can tell this is your first time telling us. Sign in and we can then benefit from your infinite wisdom by understanding how many times you've told us something.
Quoting gustavhunter
As far as I can tell this is your first time telling us. Sign in and we can then benefit from your infinite wisdom by understanding how many times you've told us something.
hahahaha
????
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